Do you think trading will shave years off your life?

Should you trade every day (so you don’t miss out on the “big move?”)

Or do you find trading stressful? Do you require frequent sabbaticals, away from the charts, in order to recharge and come back to the charts fresh, with a new perspective?

Darren and Walter jump into sabbaticals in this episode… and internet in Croatia and post-it notes.

http://media.blubrry.com/2traders/content.blubrry.com/2traders/2Traders_-_EP25_Sabbaticals.mp3

Download (Duration: 25:16 / 28.9 MB)

In this episode:

00:45 – companies use sabbaticals

05:01 – have a break

06:42 – triple bypass surgery

08:57 – what actually makes you happy

10:21 – what drives you?

11:59 – guys trading in a pit

17:18 – sabbatical routines

19:20 – time for charts?

21:31 – real damage

23:03 – desperate moves

Tweetables:

The more time I spend away from the screen, the better my trading decisions are. [Click To Tweet].

There’s no harm in missing a few trades. [Click To Tweet].

Trading sabbatical = a fresh perspective. [Click To Tweet].

Download The Full Episode 25 Transcript Here

Darren: I’m not taking the sabbaticals to get away from trading but I do get a lot of benefit from them.

Announcer: Two traders; Darren and Walter, pull back the curtain on profitable trading systems, consistent money management and profitable psychological triggers. Welcome to the 2 Traders Podcast.

Walter: Welcome to the 2 Traders Podcast. I’m Walter Peters, I’ve got Darren on the line. Darren, today we’re going to look at this idea of the sabbatical. This is going to be interesting, we were talking offline, I think you’ve got some really fascinating ideas about sabbaticals and I’d like to hear more about your experience with sabbaticals and how that’s changed your trading.

Darren: Yeah. The sabbatical is this idea that’s used by some companies now, where they give their key employees, they give them some time off work. The ratio is like 15% or 20% of their time to do whatever they want with and the idea being that, this break from restrictions of work, they can think more freely and come up with really good ideas basically. There’re some quite well known examples of this, one is Google that gives 20% of their time to do what they want to their software engineers, and another company called 3M, which is a stationery company. In the sabbaticals they’ve given to their engineers they invented the Post-it Note and the Scotch Tape. They’ve come up with really good ideas when they’ve been having this break from work.

Obviously, we’re talking about trading here, and I was thinking, “Well, how does this correlate in the trading world?